The Roll Up: Weekly Self-Storage Development Round Up 3.22.17

LSC Development LLC has won a “controversial” zoning case over its plans to build a five-story self-storage facility at 5150 N. Northwest Highway in Chicago’s Jefferson Park neighborhood. The approved plan calls for the demolition of an existing warehouse building on the site, followed by construction of the new facility. Dozens of residents spoke out against the project during its recently held hearing, according to DNA Info.

A controversial new self-storage development in Chicago is moving forward.

Planned

SurePoint Self Storage is developing a new 91,950-square-foot self-storage facility in Pearland, TX in the Houston MSA. The site is located west of Highway 288 near the intersection of Broadway and Kirby Drive. JLL Capital Markets secured construction financing for the project, which will offer 726-units. Construction is set to start in April.

SurePoint will also construct a new 90,000-square-foot facility in Sugar Land, TX at the intersection of Voss Road and Highway 6; work is scheduled to start next winter. The San Antonio-based developers recently opened a new facility in Richmond and just opened their fourth Houston-area on March 17 at Highway 290 and Barker Cypress Road in Houston.

StoneRidge Capital LLC of Vancouver, WA has proposed construction of a three-story facility with more than 60,000-square-feet of space in the North Image neighborhood at the intersection of Northeast 157th Avenue and Northeast Fourth Plain Boulevard. Developers are scheduled to discuss the project with city planners on March 30, according to The Columbian.

Pratt Home Builders is building a 35,000-square-foot facility with 266 units at 1734 Dayton Boulevard in Chattanooga, TN, according to Nooga.com.

Nashville-based Natchez Group is gearing up for a new project in Chattanooga, TN.

Nashville, TN-based Natchez Group is replacing the former Great Value Inn at 1105 Dayton Boulevard in Chattanooga with a 75,000-square-foot self-storage facility with 600 units. Natchez bought another site nearby, at Main and Carter streets, for $2.4 million where it plans to build another facility as well.

Under Construction

Construction is set to begin on a new 98,000-self-storage facility at 536 West Tremont Avenue in Charlotte. The facility is being developed by Development Management Inc., and will feature a wine cellar. DMI purchased the 3.5-acre site last year for $1.5 million, according to the Charlotte Observer.

DMI Development is ready to start work on a new “industrial chic” facility in Charlotte’s South End.

“We will introduce a modern self-storage facility in Charlotte’s South End, one of the nation’s hottest submarkets for multifamily development, while providing highly competitive rates to our customers,” said Ivon Rohrer III, vice president with DMI, in a statement.

The project is scheduled to open in 2018. The company operates five other facilities in the area.

Completed

Farmer Development recently converted a car dealership in Lansing into a new self-storage facility.

Fowlerville, MI-based Farmer Development recently completed the conversion of a former car dealership into a self-storage facility. Located at 3512 S. Martin Luther King Boulevard in Lansing, MI, the new facility operates under the name MySpace Self-Storage.

Alexander Harris is a reporter covering the business of self-storage. He obtained his degree in journalism from Virginia Commonwealth University. He loves reading Elmore Leonard novels and listening to classic country music. You can call him Al.